ICU Medical Stock Plunged Today - Here's Why
Portfolio Pulse from Ryan Gustafson
ICU Medical, Inc. (NASDAQ:ICUI) reported mixed Q3 results, with earnings per share beating analyst estimates but sales falling short. The company's shares fell by 17.3% on Tuesday due to the results, with trading volume significantly higher than average.
November 07, 2023 | 9:15 pm
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ICU Medical's Q3 earnings beat estimates but sales missed, leading to a 17.3% drop in share price on high trading volume.
ICU Medical's Q3 results were mixed, with earnings per share beating analyst estimates but sales falling short. This led to a negative market reaction, with the company's shares falling by 17.3% on Tuesday. The high trading volume suggests that this was a significant event for the stock.
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